E&P returns: Positive cash flows needed at low prices

Apr 16:
Find out how a global company has been able to get into a positive cash flow positive situation at a price of $50/bbl8What is more, attempts are now on to bring down the break-even price of its next-generation portfolio by more than 20% to a mere $21 per barrel.8At an average Brent oil price of 54 per barrel, the company in 2017 generated a massive USD 3.1 billion in free cash flow8Find out how this remarkable feat was achieved8What about Indian companies such as ONGC or OIL? Do they have a similar benchmark?8Have they been able to bring down the breakeven levels of their next generation projects to levels near to if not as low as what this global major has achieved?Click on Reports for more